Like I said, e-gold spot is simply an arbitrary figure that e-gold have chosen at the time, that is somewhat similar to the published market rate. Note the market rate is changing constantly,
It is, and that's an interesting opportunity, isn't it? E-gold updates their rate from time to time. You can probably figure out how often. There is a fairly consistent lag between changes in the external markets and the change in the e-gold rate.
If you see the rate on the external market go up, and you check the rate at the e-gold site and it hasn't changed, you may be able to do a very timely buy order. If you are about to sell, you would logically wait a few minutes for e-gold's rate to catch up - to where the external rate was some time before.
Similarly, if the external price has just dropped quite a bit, you want to place your sell order or spend gold for stuff, quickly before the e-gold system catches up. Or you wait a bit before placing a buy order.
In order to make this sort of arbitrage work, you have to be able to get order fulfillment quickly. On the spend side, that's fairly easy. Spends are immediate. On the buy side, that's a bit harder. You have to be able to pay for gold instantly and get it in your account before the price change meanders into the e-gold system. And if you are paying 15% for a credit card order to fulfill, while the change in the gold price is only 5%, you aren't making any money.
Regards,
Jim http://101468.e-gold.com/
--- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED]
Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
